INTRODUCTIONThe rise of technology in India has brought into force many types of equipment that aim at more customer satisfaction. ATM is one such machine which made money transactions easy for customers to bank. The other side of this improvement is the enhancement of the culprit’s probability to get his ‘unauthentic’ share. Traditionally, security is handled by requiring the combination of a physical access card and a PIN or other password in order to access a customer’s account. This model invites fraudulent attempts through stolen cards, badly-chosen or automatically assigned PINs, cards with little or no encryption schemes, employees with access to non-encrypted customer account information and other points of failure.

Our paper proposes an automatic teller machine security model that would combine a physical access card, a PIN, and electronic facial recognition. By forcing the ATM to match a live image of a customer’s face with an image stored in a bank database that is associated with the account number, the damage to be caused by stolen cards and PINs is effectively neutralized. Only when the PIN matches the account and the live image and stored image match would a user be considered fully verified.

The main issues faced in developing such a model are keeping the time elapsed in the verification process to a negligible amount, allowing for an appropriate level of variation in a customer’s face when compared to the database image, and that credit cards which can be used at ATMs to withdraw funds are generally issued by institutions that do not have in-person contact with the customer, and hence no opportunity to acquire a photo.

Because the system would only attempt to match two (and later, a few) discrete images, searching through a large database of possible matching candidates would be unnecessary. The process would effectively become an exercise in pattern matching, which would not require a great deal of time. With appropriate lighting and robust learning software, slight variations could be accounted for in most cases. Further, a positive visual match would cause the live image to be stored in the database so that future transactions would have a broader base from which to compare if the original account image fails to provide a match – thereby decreasing false negatives.

When a match is made with the PIN but not the images, the bank could limit transactions in a manner agreed upon by the customer when the account was opened, and could store the image of the user for later examination by bank officials. In regards to bank employees gaining access to customer PINs for use in fraudulent transactions, this system would likewise reduce that threat to exposure to the low limit imposed by the bank and agreed to by the customer on visually unverifiable transactions.

In the case of credit card use at ATMs, such a verification system would not currently be feasible without creating an overhaul for the entire credit card issuing industry, but it is possible that positive results (read: significant fraud reduction) achieved by this system might motivate such an overhaul.

The last consideration is that consumers may be wary of the privacy concerns raised by maintaining images of customers in a bank database, encrypted or otherwise, due to possible hacking attempts or employee misuse. However, one could argue that having the image compromised by a third party would have far less dire consequences than the account information itself. Furthermore, since nearly all ATMs videotape customers engaging in transactions, it is no broad leap to realize that banks already build an archive of their customer images, even if they are not necessarily grouped with account information.

LITERATURE REVIEWFor most of the past ten years, the majority of ATMs used worldwide ran under IBM’s now-defunct OS/2. However, IBM hasn’t issued a major update to the operating system in over six years. Movement in the banking world is now going...

YOU MAY ALSO FIND THESE DOCUMENTS HELPFUL

...Technology development o and social change
Human society has been changed by technical revolutions for three times, every revolutions pushed the social productivity develop faster. After 1870s, the development of science and technology get faster and faster, more kinds of new technologies and new inventions came out and also they were applied on industrial development, and the development of productivity and economy was promoted,especially the...

...﻿The rise of the technological advancement in society has had a major impact in today’s world. Technological development has restructured the way businesses operate effecting the advertising, marketing, communication, and business structure. Explosion of technology are now utilizing many methods or solutions to overcome various problem that might happened in future. With the advancement in technology also, people are getting more self confident and...

...﻿
Information Technology in India:
A look into how the Information Technology in India has come about over the Years
DeVry University Online
February 13, 2011
Contents
Introduction to Information Technology in India………………………………………………...4
The Culture of...

...India
In a country with 1.18 billion people and counting it is hard to keep track of all the small things going on without a strong and organized government. Throughout India you can see various issues that may be keeping it from becoming an MDC. Major problems such as language differences, extreme poverty, health problems, migration issues; can all lead to one conclusion; Corruption.
Power tends to corrupt, and absolute power corrupts absolutely. It’s not...

...TechnologyEssay
Over the past decade, technology in our society has become a more noticeable aspect of our everyday lives. One may think back to the days where there were no cell phones, online messaging, or even emails, and realize the extent to which technology has advanced. These rapid advancements in technology have provided a platform for unimaginable human outcomes that no one could have predicted. The increase in...

...Technology: The Double Edged Sword of Society
Our world is moving faster and faster, and at it feels as though time is speeding up in our day and age. With everything changing, as life continues to move forward, we can see that technological advancements are having vast effects on all areas of society. Technological advancements are changing society drastically with the inventions of more and more hi-tech equipment and tools. Because of this, effects of these...

...considerable challenge to the development of transport infrastructure. Nevertheless, the state has made significant progress in road connectivity in the last few decades. Himachal at present has the highest road density among all the hill states of India. Although Himachal also has three airports and two narrow gauge rail tracks, roads remain the main mode of transport in Himachal.
[edit]Roads
[pic]
[pic]
Himachal Road Transport Corporationbus outside of Manali
Eight...

...to have a mobile phone, a tablet or a laptop. A majority of us would feel something is missing in life if there were no mobiles or even access to the internet. As with everything in life there will always be a positive and negative impact. In this essay we will examine the impact the Internet has on business and the legislation they have to abide by when using the Internet.
‘Communication is to share/impart/make common’.
Most business companies are very much dependant on the...